Kremlin says Putin and Trump will meet in coming days
Russian President Vladimir Putin and U.S. President Donald Trump are set to meet in the coming days, according to Kremlin aide Yuri Ushakov, marking t...
Elon Musk’s xAI has acquired his social media platform X in a $33 billion all-stock deal.
Elon Musk’s artificial intelligence firm, xAI, has acquired X—his social media company formerly known as Twitter—in an all-stock deal valued at $33 billion.
Musk said X, which has more than 600 million users, is closely tied to the future of xAI, the startup he launched two years ago. The deal consolidates two of Musk’s key ventures, alongside Tesla and SpaceX, and could streamline efforts to train his AI model, Grok.
He said the acquisition would enable the creation of a platform that not only reflects the world but also accelerates human progress.
Including $12 billion in debt, the deal is valued at $45 billion. Musk announced the transaction in a post on X, stating that the combined entity would carry a valuation of $80 billion.
Details remain unclear—such as whether investors approved the deal or how they will be compensated. It’s also uncertain how the acquisition will directly advance Musk’s AI goals, though closer integration with X may allow xAI to more rapidly deploy its latest AI models and features to a vast user base.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
De-dollarisation, the move away from the U.S. dollar in global trade and finance, is no longer a fringe idea. As geopolitical tensions rise and new financial tools emerge, could this shift really transform the global economy?
U.S. stock markets closed higher on Wednesday, with the Nasdaq leading gains after tech giants – particularly Apple – saw strong advances.
Global financial markets are trading mixed today amid U.S. President Donald Trump’s announcement of tariffs on drug and semiconductor imports, coupled with weak service sector data impacting investor risk appetite.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
OPEC+ will increase oil production by 547,000 barrels per day in September after eight members of the organisation held a brief virtual meeting on Sunday. They said the company will continue to accelerate its output hikes to regain market share.
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